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SBI Chief Bhattacharya Among World's 100 Most Powerful Women: Forbes

File photo: SBI chairperson Arundhati Bhattacharya
File photo: SBI chairperson Arundhati Bhattacharya

New York: State Bank of India chairperson Arundhati Bhattacharya, ICICI Bank chief Chanda Kochhar and Biocon founder Kiran Mazumdar-Shaw are among the world's 100 most powerful women, according to an annual Forbes list, which is topped by German Chancellor Angela Merkel.

Two women of Indian-origin - PepsiCo chief Indra Nooyi and Cisco chief technology and strategy officer Padmasree Warrior - also made it to the list.

Forbes's 12th annual list of the 100 most influential women feature extraordinary entrepreneurs, visionary CEOs, politicians, celebrity role models, billionaire activists and pioneer philanthropists who are "transforming the world" and have been "ranked by dollars, media presence and impact".

The top ten include philanthropist Melinda Gates (3), Federal Reserve Chair Janet Yellen (3), GM CEO Mary Barra (5), IMF Chief Christine Lagarde (6), Brazilian President Dilma Rousseff (7), Facebook COO Sheryl Sandberg (8), YouTube CEO Susan Wojcicki (9) and US First Lady Michelle Obama (10).

Ms Bhattacharya has been ranked 30th on the list, followed by Ms Kochhar and Ms Mazumdar-Shaw at the 35th and 85th spots, respectively.

Forbes said SBI's Ms Bhattacharya oversees 2,20,000 staff members in 16,000 branches and services 225 million customers at the country's largest lender (assets $400 billion) with offices spread over 36 countries. "Recognising the multiple roles of working women, Ms Bhattacharya pioneered a two-year sabbatical policy for female employees taking maternity leave or give extended care to family," it added.

The SBI chair-managing director was ranked 36th last year and moved up six spots in the 2015 list.

Ms Kochhar also moved up eight notches in the rankings, from the 43rd spot last year. Forbes said ICICI Bank's CEO and managing director, Ms Kochhar, has been credited with "leading a remarkable transformation" at India's largest private sector bank, which experienced major setbacks after the 2008 financial crisis.

"Her focus on 'mobile banking' in rural areas to reach more clients has been praised as a model for low cost expansion in a country with a burgeoning middle class," it said, adding that Ms Kochhar has also been an outspoken proponent of clearer banking laws.

Biocon's Ms Mazumdar-Shaw moved up from the 92nd spot last year to 85 in the 2015 rankings. She founded Biocon in 1978 and turned it from a small industrial-enzymes company to India's largest publicly traded biopharmaceutical company, which had $460 billion in revenue last year and distributes its products in 85 countries around the world, Forbes said.

India-born PepsiCo chief Indra Nooyi is among the seven "Hall of Fame" women, who had appeared on the inaugural list in 2004 and are still making to the list. Ms Nooyi is ranked 15th on the list.

"The 59-year old PepsiCo CEO rang in PepsiCo's 50th anniversary by throwing a bone to an activist investor threatening to ruin the party. By handing a board seat to Nelson Peltz's Trian Fund Management, who thinks the food and beverage giant should split up, Nooyi avoided a messy proxy fight," Forbes said.

India-born Ms Warrior, however, dropped in rankings this year to 84 on the list from 71 last year. Forbes said that in her seven years in the $138-billion technology company, Ms Warrior has helped Cisco grow in influence through acquisitions, including six in 2014 and 10 in 2013.

The Cornell-trained engineer mentors other women in the tech industry and "believes a STEM (Science, Technology, Engineering, and Mathematics) education informs creativity", according to her Forbes profile.

The 2015 Most Powerful Women list features eight heads of state (plus one monarch) who run nations with a combined GDP of $9.1 trillion with over 600 million citizens.

The 24 corporate CEOs control nearly $1 trillion in annual revenues, and 18 of the women founded their own companies or foundations.

This year's class has 15 billionaires with a cumulative net worth of nearly $75 billion. The total social media footprint (Twitter, YouTube) of all 100 powerful women is nearly 475 million followers.

Ms Merkel has made the list ten times over the past 12 years - nine times at the top spot. She was first elected in 2005 and won a historic third term in 2013.

The list also includes media mogul Oprah Winfrey (12), singer Beyonce Knowles (21), Yahoo CEO Marissa Mayer (22), Vogue editor-in-chief Anna Wintour (28), Queen Elizabeth II (41), TV personality Ellen DeGeneres (50), actress and humanitarian Angelina Jolie (54) and singer Taylor Swift (64).

As of January 2015, 10 women served as heads of state and 14 as heads of government. Women currently hold 23 (4.6 per cent) of CEO positions at S&P 500 companies, Forbes added.

Of a total 1,826 global billionaires, 197 are women - 11 per cent of the total. Only 9 per cent of executive officers in Silicon Valley are women.

"That these wretched stats continue year after year is a serious and pressing issue. But there's hardly a void of powerful women - and the numbers are growing. That is, if we enlarge our focus from just who owns the greatest wealth or the heaviest corporate hammer to include the women whose influence and impact may be greater than the sum of their title," it said.

Nearly half the women featured are "female firsts", such as GM's Barra, the most world's most powerful businesswoman, and Fed Chair Janet Yellen, the top global state banker.

Drew Gilpin Faust is the first female president of Harvard, and Folorunsho Alakija is the first self-made African billionaire.

More than half of the women (59) on the list are American, including immigrants such as von Furstenberg (Belgium), Weili Dai (China) and Warrior (India).

Asia-Pacific citizens make the second strongest showing at 18. Latin America and the Middle East have four regionals on the list, and there are 12 Europeans and three Africans with a slot.